[Funding alert] The health tech startup Insane AI raises $ 873,000 in seed rounds led by pi Ventures Enterprise

Insane AI, an artificial intelligence (AI) powered fitness training app, completed $ 873,000 (Rs 6.5 Cr) in the seed round led by pi Ventures along with a number of angel investors, including Anupam Mittal (Founder and CEO, People Group), Sameer Pitalwalla (former culture machine, Epic Games), Saumil Majumdar (Founder, SportzVillage), Karan Tanna (CEO, GhostKitchens), Arjun Jain (Faculty at IISc) and LetsVenture.

According to the press release, Insane AI plans to use the funds to invest in product development and innovation, strengthen its technology team and accelerate growth in the international market.

Founded by Anurag Mundhada, Jayesh Hannurkar and Sourabh Agrawal, Insane AI uses computer vision and artificial intelligence to create home workouts and personalized training plans. Using artificial intelligence and big data, the startup understands the effects of every exercise and functional movement on the user’s body and personalizes the workouts to help users optimize their fitness journey.

Co-founder of Insane AI

Anurag Mundhada, Co-Founder, Insane AIsaid,

“Mainstream fitness formats can get monotonous and not challenge or inspire people enough to really build a long-term fitness habit. Our unique gamified training format keeps users highly motivated and motivated to do their best during each session, allows them to monitor their progress and keeps them committed to their fitness goals. “

“Users who exercise on our platform are encouraged to compete against themselves or with friends and to holistically track their fitness metrics. We have released a successful beta version and plan to launch around the world by the end of the year. “

Comment on the investment, Shubham Sandeep, director of pi Ventures, stated:

“Digital health and fitness has seen increasing demand amid the pandemic and is already a multi-billion dollar industry. What is missing, however, is the fitness experience at home that is just waiting to be disrupted by advances in technology such as AI, AR, and computer vision.

At pi, we like companies that are fundamentally rethinking sectors based on disruptive technologies, and we love the immersive, engaging and sophisticated fitness solution developed by Insane AI. The founders themselves are experienced gamers and experts in the fields of deep tech, health and fitness. We are impressed with the vision and implementation of Anurag, Jayesh and Sourabh and look forward to working with them to make gamified fitness a central part of people’s lives. ”

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